CEZ a. s Valuation
Is CEZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of CEZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CEZ (CZK865) is trading below our estimate of fair value (CZK1148.06)
Significantly Below Fair Value: CEZ is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CEZ?
Other financial metrics that can be useful for relative valuation.
| What is CEZ's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | Kč464.34b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.8x |
| Enterprise Value/EBITDA | 4.9x |
| PEG Ratio | -11.8x |
Price to Earnings Ratio vs Peers
How does CEZ's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 25.1x | ||
PPL PPL | 27.3x | 11.9% | US$20.2b |
ELE Endesa | 24.5x | 20.3% | €18.1b |
FTS Fortis | 17.5x | 6.6% | CA$26.4b |
SSE SSE | 31.3x | 13.1% | UK£18.1b |
CEZ CEZ a. s | 15.9x | -1.3% | Kč468.1b |
Price-To-Earnings vs Peers: CEZ is good value based on its Price-To-Earnings Ratio (15.7x) compared to the peer average (25.1x).
Price to Earnings Ratio vs Industry
How does CEZ's PE Ratio compare vs other companies in the European Electric Utilities Industry?
Price-To-Earnings vs Industry: CEZ is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the European Electric Utilities industry average (11.1x).
Price to Earnings Ratio vs Fair Ratio
What is CEZ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 15.7x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CEZ's Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | Kč865.00 | Kč831.81 -3.8% | 15.7% | Kč1,034.00 | Kč615.00 | n/a | 11 |
| Apr ’25 | Kč837.00 | Kč852.27 +1.8% | 20.0% | Kč1,245.00 | Kč615.00 | n/a | 11 |
| Mar ’25 | Kč804.00 | Kč869.39 +8.1% | 20.2% | Kč1,245.00 | Kč615.00 | n/a | 10 |
| Feb ’25 | Kč877.00 | Kč909.29 +3.7% | 18.0% | Kč1,245.00 | Kč641.00 | n/a | 10 |
| Jan ’25 | Kč958.50 | Kč924.99 -3.5% | 15.7% | Kč1,245.00 | Kč738.00 | n/a | 10 |
| Dec ’24 | Kč979.00 | Kč938.88 -4.1% | 15.6% | Kč1,245.00 | Kč738.00 | n/a | 9 |
| Nov ’24 | Kč1,010.00 | Kč928.44 -8.1% | 16.0% | Kč1,245.00 | Kč740.00 | n/a | 9 |
| Oct ’24 | Kč980.00 | Kč925.07 -5.6% | 16.2% | Kč1,245.00 | Kč740.00 | n/a | 9 |
| Sep ’24 | Kč949.50 | Kč949.87 +0.04% | 20.7% | Kč1,393.00 | Kč740.00 | n/a | 11 |
| Aug ’24 | Kč965.00 | Kč952.60 -1.3% | 20.7% | Kč1,393.00 | Kč740.00 | n/a | 11 |
| Jul ’24 | Kč900.00 | Kč963.79 +7.1% | 20.2% | Kč1,393.00 | Kč740.00 | n/a | 11 |
| Jun ’24 | Kč1,000.00 | Kč964.70 -3.5% | 20.2% | Kč1,393.00 | Kč740.00 | n/a | 11 |
| May ’24 | Kč1,147.00 | Kč966.64 -15.7% | 19.3% | Kč1,393.00 | Kč780.00 | n/a | 11 |
| Apr ’24 | Kč1,051.00 | Kč953.91 -9.2% | 21.0% | Kč1,393.00 | Kč690.00 | Kč837.00 | 11 |
| Mar ’24 | Kč1,051.00 | Kč983.00 -6.5% | 26.7% | Kč1,623.00 | Kč690.00 | Kč804.00 | 11 |
| Feb ’24 | Kč906.50 | Kč977.73 +7.9% | 27.0% | Kč1,623.00 | Kč690.00 | Kč877.00 | 11 |
| Jan ’24 | Kč770.00 | Kč1,007.09 +30.8% | 24.6% | Kč1,623.00 | Kč800.00 | Kč958.50 | 11 |
| Dec ’23 | Kč794.00 | Kč1,042.36 +31.3% | 25.6% | Kč1,623.00 | Kč800.00 | Kč979.00 | 11 |
| Nov ’23 | Kč811.00 | Kč1,120.96 +38.2% | 22.0% | Kč1,623.00 | Kč811.00 | Kč1,010.00 | 11 |
| Oct ’23 | Kč860.00 | Kč1,194.13 +38.9% | 17.8% | Kč1,623.00 | Kč916.39 | Kč980.00 | 11 |
| Sep ’23 | Kč974.00 | Kč1,176.76 +20.8% | 19.9% | Kč1,623.00 | Kč820.00 | Kč949.50 | 11 |
| Aug ’23 | Kč1,016.00 | Kč1,133.76 +11.6% | 21.4% | Kč1,623.00 | Kč820.00 | Kč965.00 | 11 |
| Jul ’23 | Kč970.00 | Kč1,089.94 +12.4% | 20.0% | Kč1,623.00 | Kč820.00 | Kč900.00 | 11 |
| Jun ’23 | Kč1,135.00 | Kč1,045.57 -7.9% | 19.2% | Kč1,623.00 | Kč820.00 | Kč1,000.00 | 11 |
| May ’23 | Kč1,001.00 | Kč956.11 -4.5% | 10.8% | Kč1,089.00 | Kč750.00 | Kč1,147.00 | 12 |
| Apr ’23 | Kč945.00 | Kč923.66 -2.3% | 11.1% | Kč1,089.00 | Kč750.00 | Kč1,051.00 | 12 |
Analyst Forecast: Target price is lower than the current share price.